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Home My WebLink About1292 ~ ~ • r ~ ~ ~ • • ' r . . ~ ~ at pll tJraespeaoeably t?nd quletty xo enter upon, hold, oc~cupy and enjoy s~ud lr~nd; that satd land is free from all encumbrnnc~; , chat they ~~ill make auch further ~ bo p~fect the fee aimple title to satd Innd in tha As.sociatton as may reasoru~bly ha ~ rt.qulred; eu~d t}u+t they do hereby fully wa.n~ant the tida ,to satd lanc~ and will defend the s~ime egxtnst the lawful clatms of alI persosts whonisoever. j ~ PROVIDED AGWAYS th~t if the 14fortgagors shall well and truly pay urito the Associatlon, the indebtedn~s~ eviden+oed E.' i • by that cc3rtain promissory note, of even date fisrewitb, made by the Mortgagors and payuble to the Assaciatton, in the principal 3 ~ ' ~ sum of _....._..SE.~TEN'~'HOUS.AND_F~~TE.HUN17Ri D.AND.~TO/100_-,---.---_.I3ollyrs {s._7,~500..00.__. ~ • which note~ together with interest thereon ns therein speclfied, is pay~ble in monthly installments of . ~ . . ~ _ _ _ _ _ _ _ ~ F~FTY_ EIGHT.ANll. NO~ 00 _--r- -,~-~--.-.._----,----'--°-•--"----~---.Doltars (~._~_~_`:.40.._.._.._.._ ) - ~ ~ j on tha._...4th .._day of each month commer~cing with_._.__ Janual~4~_1965 ....__._____...---•----_which payments ~ ~ ure to ba ~ipplted, first to interest, and tha balance to prindpal, until said iadebtedn~ss is patd in full, and shall perfotm, eomply with and abide by each ~untl every the atipulations~ agretments, canditions and covenants of said promissoty note and this mortgaga And, including any acivanees made by the Association to the Mortgagars~ or their successors tn titlC, for any pu~rpoae, ~ At any time before th~ mlease and c~ncellation of thls mortgage~ but at no tune shall thls mortgage secure advances on account ~ ~ ± ~ . SE VEN THOUSAND FIVE , of suid original nota togethcr with such additIonal advnnces in u sum in excess of.___._________________________.__._..___.___-_.._._._.____ ~ ~ HtTNDRED AND NO/ 100 - ~ _ _ _ _ _ _ _ _ v _ _ _ .~~III~ 7 5 00. 00 . . - • plus any advanc~es necessury ; to pmtecc the security and cosis, then tbLs deed and the estate hereby creAted shall cease und be null and void. ~ ~ ~ ~ AND THE MORT~GAGORS DO hereby cr~venant and agree: ~ : ~ ; 1. To gay all and singular the principat and interest and other sums of money payab2e by virtue af said promissory nota ~ y and this mortgage~ or either~ promptly an the days respectively the same severally come due, ' 2. To pay all and singular the taxes, assessments, l~vies, ltabilities, obltgatlons and incumbrahc~es of every nature and kind ~ now on said d~cribed properiy, or that hereafter may be im~, suffered, placed, Ievled, or c+ssessed thereon, or that hereafter ~ a - may be ]eWed or assessed upon this Mortgage, or the inde tedness secured hereby, cach and every, when due and payable, - according to law, before they become delinquent~ and before any interest uttaches or anype nalty is ineua~red; and insofar as ~ ~ any thereof is of record the same shall be prompdy satisfied and discharged of record and the odginal official document (such ~ as, for instance, the tax receipt or the satisfactian paper offtctally endorsed or certifieclj shAll be placed in the hands of said s AssocIatton as hiortgagee within ter? days next after paymsnt; and in the event that any thereoE is not paid, satisfied und discharged, ~ 1 said Association may ut any time pay the same or any part thereof without waiving ar affecting any option, Iien~ equity or right ~ ! under or by virtue of this riortgage~ and ihe full amount of each and every such payment shall be immeclfatety due andpa yable ; nnd shall bear interest from the date ihereof until paid at the rate stated in the note serurecl hereby and together with s~ich inter- ~ est shull be secwred by the lien of this Mortgage, - 3. To keep the buildings and aIl equipment and personat pmperty now or hereafter on sald premises covered by this : ~ mortg3ge~ insured in a sum equal to at least ihe amount of the mortgage~ or un amount sufficient to camply wlth pny co-insur- anee requirement covering the same under the laws of tho ~tate of Flor~da, covering loss from both fire and stonn, making the ; ~ loss under suid policies, euch and every, payable to the Association, ~s moitgagee, as its interest may appear, und safd insurance shall be in a good and responsible insurance campany satisfactory to said Assoctation, and written by a responsible loeal agent ~ satisfnctory to said Association; and the policy or ~oticies shall bear a standard mortgage elsiiuse without contribution~ and shaU be i held b y ths Association, and, in the event an y sum of mone y become3 p a yable undeT such p o li c y ar p olicies, the Association shall : have t he opHon to receive and apply the same on Account of the inde btedness hereby secured, or to permit the mortgagors to ~ ~ receive an d use it, or nny part thereof~ far otker purposes, without thereby waiving or impafring any equity, lien, or right under und by virtue of thic mortgage, and may place and pay for such insurance~ or ur?y part theraof, without waiving or affecting its ' - optian to foreclose, or uny right hereunder, and the full amount of each and every such payment shall be immedtately due ancl i~ payable and shall bear interest from the date thereof until paid at the rate stateci in tt,e note secured hereby and together with such interest shall be secured by the lien of ,this Modgage. . 4. Ta permit, commit, or suffer no waste, impairment or deterioratian of said property, or nny part thereof, and upon . the failuro of the mortgagors to keep the buildIngs on said property in good condition of repair, the Association may demand the ; immediate repair oE said buildings or the immediate iepayment of the debt hereby securerl, and the faileire of the morigagors ~ to comp2y with said demand of the Assoeiation for a period of Thirty (30) days, shall constitute a breach of this mortgage, t~ and, at tho option of the Association~ immediacely muture the entire amount of principal und interest hereby sccured, and the ; Association~ imme~iately and without notice, may institute proceedings to foreclose thts mortgage and apply for the appoinhnent i- of a Receiver, as hereinafter provided. ; ~ ~ 5. Tt?is mortgage contract provides for additional advances which may be made at t~e opEion of the associatioa and m seeured by this mortgage, and it is agreed that in the event of suc1~ advnnces the amount may be added to the mortgage debt ~ ' and shall increase the unpaid batance of tha nota hereby secured by the amount of such advance and shall be a part of said note indebtedness under all the terms of said note and this contract as fully as if a new such note and oontruct were executed and delivered. M additional advance agrecment may be given and accepted for such advance and provisian may be made for ~ diffetent monthly payments and a different interest rate and other ex x~eas modifications of the contract, but in all othe~r r~sp~ts px eas ' ihis contr~ct Shall remain in fuli force and effect as to said indebtedness, including all ~dvanc~es, ~ ~ , ~ 8. If any of tha sums of muney herein nferreci to be not pmmptly ar~d fully paid withia Thirty (30) daya next after ; ~he aRme severa.ty eome due and payabte, ar if each and every the stlpulatians, agreement, condltIons~ and c~venantt of said i promit~? note sud this deed, or either, ~re not duly perfosmed, complied with and abided by, the aggregate aum xpe~tiv~ed ; in satd promissory uote and any oiher amoune or arnounts added to the mortgage indebteclness under the terms af this mortgage s~wll become due and payable forthwit3~ or thcreafter at tho option of the Association, as fully and comple#ely as if said e,ggreg,atc 4~, ~ swn of money waa originaAy stipulated to ba paid on such day, anything in said promissory note or herefn to the c~ontra not- ~ f withttandictg. . . 'y t ~ ~ 7. To dellver to ihe Associativn, an ar before March I5th, of each year, tax reeetpts evldeaeing tbe payrueat of ~all 1aw- fuily imposoci taxes for t~e prcoecling ealendur year; to deliver to the Assoeiati~ reeeipts evid~es?cing the peyment of all lieas ~ ' for public Im~ovements withtn ninety (9p) days after tho same shall t,ecomo due and payable -aied to pay or diachar~e within i. ninety (90) days after due date~ any and all govemmental Ievies that may be made~on the maitgaSed ProPenY~ on thls mo~t~age _ ~ or note, oe In any other way resulting from the mortgage indebtedness secured by this mortgage. ~ - ' ~ ~ R,~R~ 105 «~F ~2 ' . # ~ ~ ~ ~ ; _